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Smurfit Kappa Group is given a ‘buy’ rating by analysts at the Swiss banking giant UBB. As one of Europe’s largest packaging manufacturers it is thought they are very well positioned for the future. 

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Smurfit Kappa Group has been awarded the ‘buy’ rating by analysts at the Swiss Bank. 
UBS had commented that they think Smurfit Kappa’s position as the largest corrugated packaging manufacturer in Western Europe put the company in strong position that can benefit from conservative trends in order to drive growth. 
They also commented that the Smurfit Kappa Group position could further be strengthened with investment in their current packaging production operation as well as a general consolidation of assets the market.  
UBS advice naturally gave a lift to the Smurfit Kappa Group PLC shares listed on the London stock exchange. Opening on Wednesday the bank initiated coverage with a ‘buy’ rating for the Dublin headquartered packaging company. 
Analysts at the bank also advised clients with a note stating that it was the opinion of the bank that Smurfit as the largest foil packaging manufacturer by volume were in a strong position to benefit from secular market trends.
Furthermore the note pointed out that production rates for the packaging manufacturing industry had been increasing steadily since 2012. With no major capacity issues analysts expect the growth to continue in the years to come. 
One Analyst at UBS has commented that looking forward to the 2019/20 year they expect to see continued growth volumes from Smurfit whilst some pressures are eased through investments.
They expect a fairly linear 2019 with little to no growth, however 2020 should yield growth around 7%.
Despite these impressive figures UBS insist that the valuation is modest and conservative. Smufirt shares are currently trading at a discount to their peers of around 12%. 
Smurfit are a FTSE 100 company that manufacturers a wide variety of packaging materials & other consumables.  Their portfolio of products included FIBC bags, corregated & paper packaging as well as heat sealer machines for use in a diverse range of markets.